Source: PaxForex Premium Analytics Portal, Technical Insight AUD/USD is down from a two-month peak amid moderate dollar strength. AUD/USD,D1 Pivot: 0.7117 Analysis: Provided that the currency pair is above 0.6850, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.7117 Take Profit 1: 0.7165 Take Profit 2: 0.7280 Alternative scenario: In case of a break-down of the level 0.6850, follow the recommendations below: Time frame: D1 Recommendation: short position...
Source: PaxForex Premium Analytics Portal, Technical Insight The risk of further sharp pound weakening has declined - Morgan StanleyThe risk of further sharp pound weakening has declined - Morgan Stanley. GBP/CHF,D1 Pivot: 1.1479 Analysis: While the price is below 1.1750, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.1479 Take Profit 1: 1.1400 Take Profit 2: 1.1300 Alternative scenario: If the level of 1.1750 is broken-out, follow the recommendations below: Time...
Source: PaxForex Premium Analytics Portal, Technical Insight The RBNZ will continue to raise rates by 50 bps in August - Reuters poll. NZD/CAD,D1 Pivot: 0.8210 Analysis: As long as the price is above 0.8050 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8210 Take Profit 1: 0.8250 Take Profit 2: 0.8300 Alternative scenario: If the level of 0.8050 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8050...
Source: PaxForex Premium Analytics Portal, Technical Insight BofA, Pill: Wage growth is going too fast at the moment. GBP/CAD,D1 Pivot: 1.5591 Analysis: While the price is below 1.5680, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.5591 Take Profit 1: 1.5340 Take Profit 2: 1.5200 Alternative scenario: If level 1.5680 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.5680 Take profit 1: 1.5810 Take...
Source: PaxForex Premium Analytics Portal, Technical Insight The European Central Bank bought billions of euros worth of government bonds of the most vulnerable countries in the eurozone to support them in a period of economic uncertainty and rising interest rates. EUR/CAD,D1 Pivot: 1.3145 Analysis: As long as the price is below 1.3260 follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3145 Take Profit 1: 1.2975 Take Profit 2: 1.2850 Alternative scenario: If the level of...
